December 20, 2023
Stocks

Grey Market Premium (GMP) and subscription status convey important signals for the Inox India IPO

The allocation process for the Inox India IPO has been completed, and attention now turns to the listing of shares. Inox India IPO is set to be listed on Thursday, December 21, on both the BSE and NSE exchanges. The initial public offering concluded on December 18, with the bidding phase starting on December 14, and allotment finalization on December 19. Inox India, a major player in the global market, is India's largest supplier of customized cryogenic solutions in the clean energy sector. The strong investor response is evident as the Inox India IPO, also known as Inox CVA IPO, was oversubscribed by 61.28 times.

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